BlackPacific Capital  - Tactical Investment Management

Recent Posts

The Big Lie Part 3: Stuck in Purgatory
The 500lb Gorilla in the Room
The Big Lie: Intro
The Saga Continues; Big Risks and Little Spare Capacity
They Say There Is A Lack In Demand


Weekly Market Assessment
powered by

BlackPacific Capital

All in

Weekly Market Assessment
Is the Treasury Department going all in? This was a quote from the Treasury Department on Thursday, "A default would be unprecedented and has the potential to be catastrophic: credit markets could freeze, the value of the dollar could plummet, U.S. interest rates could skyrocket, the negative spillovers could reverberate around the world, and there might be a financial crisis and recession that could echo the events of 2008 or worse," Wow! A little over the top? The markets are forward looking entities, that's why markets are considered discounting mechanisms. Looking over the Treasury's statement, you would expect the market to be in turmoil with money fleeing the bond market, if the debt ceiling wasn't going to be raised. In fact, money actually flowed into the 10 Year Treasury Bond (2.61%) on this report, which goes against any fear of a default. Is the market calling the Treasury's bluff? Or is this just another tactic to bring the two parties together to resolve this issue? If the market is a discounting mechanism, then the signs are clear that like before, this event is already baked into the market.
    For the 6th time this year we have hit the 50 day moving average and bounced off it. As mentioned last week, the duration has become shorter between each attempt. This of course becomes concerning as buyers are constantly on the attack to support this line. I'm lead to either trust that the market is right and factored in this event or heed the Treasury's warnings and leave the table.          
Through the Looking Glass: My Perspective on Stocks Reactions to Market Conditions
Debt ceiling negotiations, GDP and CPI:
Debt ceiling -talks continue to influence the market and will present opportunities in financial stocks BAC, WFC, JPM which will be heavily effected by headline risk and comments coming out of Congress.
GDP- gross domestic product- we get this number on Monday and if it comes in below expectations ill be looking towards stocks in the consumer discretionary sector that should move down on a negative report, LL($107.05), PIR(19.93)
CPI- Consumer Price index-  Looking at stocks that are commodity based, the dollar remains in a down trend which should show an increase in prices. Ill be looking for a move up in FCX($33.78), NUE(48.78)  
Debt ceiling negotiations, Jobs report and PMI: Last week I mentioned how financials would be adversely affected by negotiations in Congress. Financials sold off to find support at averages and money continued to flow into the bond market seeking safety which brought down the yield on the 10 year. No jobs report due to Government shut down and PMI came in above 50.       
From the Trading Floor to the Option Pit: A quick look at what's on the trading desk
E-Mini S&P 500 futures-no trades  
Apple (AAPL)- Sold a weekly Vertical "CALL" spread at $480/475 to collect premium. AAPL continues to trade in a range and this trade was based on the 50 day moving average support found at $480. Weekly gain of 11%       
RE/MAX Holdings (RMAX)- Through its subsidiaries, operates as a real estate broker. Picked this up for a long term hold on its IPO day which was Wednesday at $26.09. Currently sits at $32. This may turn into a short term trade.    
 Tesla (TLSA)- Sold a Vertical "CALL" spread at $195/200 to collect the entire premium for a 39% weekly gain on my options.     
JCPenney (JCP)- Continues to drop and wiped out my $9 "CALL" option. This now trades at all time lows and I will be looking to take a common stock position in this at ~$7.95. Crazy to think this was once a $40 stock. Dilution seems to be setting in and any good news over the holidays or new activist investor or new large stake holder will pop up this stock. 

17 Comments to All in:

Comments RSS
best dissertation writing on Monday, September 17, 2018 4:51 AM
Although medicine is not my field but I often need such posts for my medical writing services paper work and I often visit such links for my help.Thanks for sharing this.
Reply to comment review on Sunday, March 10, 2019 8:03 AM
A very detailed and compact article, on the other different sides of the market. How stocks react and how market flow with it. Thanks for sharing the in-depth analysis of the stock market!
Reply to comment on Friday, April 12, 2019 2:26 AM
Love to read this blog is very versatile post which can make you feasible as per technical investment. This is very important blog which endows glorious results. Thus i like it very much
Reply to comment on Wednesday, May 08, 2019 12:23 AM
Your blog drove my attention towards a very serious topic. Its quite informative lengthy topic but I think the other side of picture should also be discussed with people.
Reply to comment

homework for me on Saturday, May 25, 2019 2:44 AM
This is really first time I am visiting this page and I really learnt many exciting things from you.This is so amazing literally.
Reply to comment

things to do on Tuesday, June 25, 2019 11:13 PM
Positive site, where did u come up with the information on this posting?I have read a few of the articles on your website now, and I really like your style. Thanks a million and please keep up the effective work.
Reply to comment

scuba in cabo on Thursday, June 27, 2019 6:35 AM
Close and personal whale watching encounters in Cabo San Lucas. Check availability and book online Cabo San Lucas only dedicated Whale Watching Company.
Reply to comment

Hearing test on Thursday, June 27, 2019 1:12 PM
We provide a full range of hearing services, not purely being a hearing aid reseller as are the majority of other hearing centres across Australia today.Some of the services include, Central Auditory Procesing Test. Microsuction earwax removal, Tinnitus Management, Hearing aid fitting and repair and Lyric hearing device.
Reply to comment

washing Machine Repair Service on Thursday, June 27, 2019 6:44 PM
Repair All is a Dubai based home appliances repair and installation service. We deal in AC, refrigerator, washing machine, dishwasher, gas cooker, electrical works, house/ villa painting at economical rates and provide guaranteed timely services. Call Now 050 946 2462
Reply to comment

hacks dragon city on Friday, June 28, 2019 5:29 AM
when you start playing the Dragon City game, you will definitely be busy for a long time. Before you start playing, read the full entry for a fair review of the game.
Reply to comment

Cat6 plenum on Friday, June 28, 2019 11:55 AM
Shop Cables for Bulk Ethernet cat5e, cat6 Cat6a Plenum and Riser Ethernet Networking Cable & Accessories.
Reply to comment

pixel car racer story on Monday, July 08, 2019 11:49 PM
I help improve the car if I cannot unlock the most efficient car. As a result, I need less money to improve the efficiency of the race.
Reply to comment

washing Machine Repair Service on Friday, August 16, 2019 2:47 PM
Repair All is a Dubai based home appliances repair and installation service. We deal in AC, refrigerator, washing machine, dishwasher, gas cooker, electrical works, house/ villa painting at economical rates and provide guaranteed timely services.
Reply to comment

How to Protect Your Eyes from Sun Damage on Thursday, September 26, 2019 3:43 AM
This is a great post. I like this topic.This site has lots of advantage.I found many interesting things from this site. It helps me in many ways.Thanks for posting this again.
Reply to comment on Thursday, October 10, 2019 12:15 PM
Good artcile, but it would be better if in future you can share more about this subject. Keep posting.
Reply to comment

address on Friday, October 18, 2019 1:54 AM
This is actually the kind of information I have been trying to find. Thank you for writing this information.
Reply to comment

badass khajiit names on Friday, November 08, 2019 2:33 AM
Khajiit are still considered by many people to be no more than a human beast.
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment